Monday, July 25
Chat Transcript for Sunday, July 24, 2005
Thanks to everyone who participated in the "Focus on Financial Firms" chat last night. For those who couldn't make it, here's the complete transcript. (Next week the chat will be held Monday evening, starting at 8:00 PM, Eastern Time.)
Posted on July 25, 2005 at 8:00, GMT
| CMaoxian | hi red |
| bigred | hello |
| CMaoxian | hi tom |
| tom | ni hao |
| tom | that's all the chinese I know |
| CMaoxian | it's a start |
| tom | I should say good morning to you cs |
| CMaoxian | hi mike |
| CMaoxian | yes, right, tom |
| TraderMike | sup |
| CMaoxian | many folks have written to say i should hold this on Monday morning, eastern time, whaddya think? |
| CMaoxian | or monday night? |
| TraderMike | I say night time |
| CMaoxian | how about pre-open, like 8-9:30 AM? |
| CMaoxian | hi smidt |
| bigred | preopen good idea |
| Smidt | Hello to all! |
| TraderMike | I've got too many other things going on pre-market. but I can always read the transcript later |
| bigred | what do you think of this chart? |
| bigred | singapore ETF |
| bigred | EWS chart |
| karin | good evenning |
| CMaoxian | Singapore? looks like a breakout from a longish base |
| CMaoxian | hi karin |
| karin | :) |
| CMaoxian | looks like an Ugly style thing |
| bigred | I don't know if it's just up big on the yuan revaluation or what |
| bigred | but it looks nice |
| CMaoxian | yuan reval prolly not hurting |
| TraderMike | sure does |
| TraderMike | hola Karin |
| bigred | the malaysia ETF looks a similar |
| CMaoxian | the FXI also went to a new high |
| karin | hola Mike |
| CMaoxian | hi zwz |
| zwz2005 | hi |
| CMaoxian | hi 6th |
| 6thworld | evening all |
| karin | I took almost 2 weeks off....felt like heaven |
| TraderMike | sup 6th |
| 6thworld | hey Mao and TraderM |
| 6thworld | whats shaking guys? |
| TraderMike | do anything exciting Karin? |
| karin | went to Colorado |
| 6thworld | ooo, i love CO |
| CMaoxian | i'm gonna yack about a few of my favorite financial stocks |
| 6thworld | financial stocks in a rising interest rate market? |
| CMaoxian | we'll start with that $300 a share stock (not Google) |
| TraderMike | CME? |
| CMaoxian |  |
| TraderMike | I hate that CME specialist |
| TraderMike | ridiculous spreads on that thing |
| CMaoxian | yes, too bad it's not electronically traded ;-) |
| TraderMike | yep! |
| CMaoxian | CME will prolly earn $8.50 a share next year |
| TraderMike | sounds like GOOG numbers |
| CMaoxian | their net margin is around 30% so.... |
| CMaoxian | GOOG will not earn $8.50 next year, lol |
| tom | earnings come out Tuesday? |
| CMaoxian | you remember my post, It's Nice To Be The House |
| TraderMike | yep |
| 6thworld | oh yes, that was when you were taking classes from Prof Dinky Scalp |
| tom | we'd all be retired if we bet the house back then when you brought it up |
| CMaoxian | Prof Dinky Scalp burned out and went back to her day job |
| CMaoxian | no, i thought it was overvalued then, tom ;-) |
| CMaoxian | next up is Lehman Brothers |
| CMaoxian |  |
| 6thworld | yeah I like LEH |
| 6thworld | did a research interview with them |
| CMaoxian | LEH may earn $9.40 a share next year |
| 6thworld | looks like it broke out in 2005 |
| 6thworld | what happened to LEH in 98? |
| 6thworld | anybody? |
| CMaoxian | i like the drop back in 1998 ... one of those times where it became a bargain |
| CMaoxian | LTCM |
| zwz2005 | Except these two, Citi still pop up in my scan |
| 6thworld | oh yes |
| 6thworld | yeah what about C? |
| CMaoxian | which scan is that, zwz? |
| zwz2005 | TC2000 |
| CMaoxian | what are the criteria? |
| CMaoxian | next up is Legg Mason |
| CMaoxian |  |
| bigred | C in a trading range on chart, big red bar last week too |
| CMaoxian | that's a quarterly chart |
| zwz2005 | EPS > 20%, REV > 15.... So on |
| CMaoxian | you can see the break in '03 from the sideways action that started in '00 |
| CMaoxian | thx zwz |
| CMaoxian | you have to keep your eyes squarely on the new highs list at all times |
| TraderMike | yes sir. buy high, sell higher |
| CMaoxian | those are my three favorites... |
| CMaoxian | now we can look at Schwab |
| CMaoxian |  |
| zwz2005 | Last few sessions, C always shown up in New Low |
| 6thworld | I wonder if C is a good buy |
| CMaoxian | SCH looks like it may want to finally get up from this base |
| TraderMike | they should with all the commissions they're making off of me |
| CMaoxian | as you know SCH made the disastrous decision to move "upscale" just as the market peaked |
| CMaoxian | did you read TaylorTree's post about trying to contact CyberTrader sales, mike? |
| TraderMike | no, I missed that one |
| CMaoxian | he was ticked because no one there apparently answers emails |
| CMaoxian | Fidelity and others have just eaten SCH's lunch lo these many years |
| TraderMike | hmm |
| CMaoxian | i was deeply disturbed when i learned that Schwab had hired those Bozos from Bain |
| TraderMike | ah, I see it now. they're very responsive on the phone & over IM |
| CMaoxian | (at least they didn't hire McKinsey Morons) |
| tom | the stock has been hot of late |
| CMaoxian | if management can't right the ship on their own and have to bring in high-priced pretty boys, then you know you're f%*&*d as a shareholder |
| karin | I use Fidelity, but have to complain these days for not being responsive enough |
| karin | if you don't trade a lot, they quickly raise their commission |
| CMaoxian | are you an "active trader" there, karin? |
| karin | yes |
| CMaoxian | hi fyms |
| FYMs | yo |
| karin | but I don't overtrade any more |
| CMaoxian | that's good |
| CMaoxian | i read recently about a guy who made 15 trades in a day, he needs help ;-) |
| TraderMike | what a joker |
| CMaoxian | lol |
| CMaoxian | last featured chart, Ameritrade |
| CMaoxian |  |
| CMaoxian | note the range over the last few years |
| zwz2005 | 15 trades?, well, how large is his account |
| CMaoxian | the ladies tell me he's very large |
| TraderMike | LMAO |
| karin | hmmm |
| TraderMike | I've grown it from 5,000 to 10,000,000 ;-) |
| CMaoxian | one thing you may not know about AMTD is that their net margin is 30% |
| CMaoxian | these guys run a lean ship, but i don't know how well that will hold with this TDWaterhouse purchase |
| CMaoxian | they bought Datek in September 2002 if you recall |
| CMaoxian | that's the closest contact i've had with Ameritrade |
| TraderMike | good ole Datek... seems like a lifetime ago |
| CMaoxian | they may earn 95 cents a share next year |
| CMaoxian | it was a lifetime ago and those were happy days |
| CMaoxian | hi bjr |
| bjr | yabaseo |
| CMaoxian | esperanto? |
| bjr | hangulma |
| CMaoxian | ok i'm done yacking about the featured charts... any day trades of note last week we can review? |
| TraderMike | I have a list of 15 |
| CMaoxian | hi bash |
| CMaoxian | we've already studied your GOOG and ADTN ones mike, got any more? |
| karin | I entered BDE as a swing trade the other day |
| CMaoxian | ok great, lemme grab some data |
| TraderMike | none that I can think of... all my records are upstairs |
| karin | mostly because it is an oil company, and it is right here in Houston |
| 6thworld | i have a question, not a trade |
| karin | also traded GEOI |
| karin | again |
| karin | all mike's fault |
| TraderMike | LOL |
| karin | it is a cash cow |
| karin | moo |
| 6thworld | has anyone dabbled in point and figure charts? if so, was it successful? any comments? |
| karin | also bought EENC |
| karin | for good dividends |
| CMaoxian | i read Dorsey's book, 6th and liked the buying selling pressure index thing |
| CMaoxian | BDE is a new issue? |
| karin | yes |
| 6thworld | thx |
| karin | but I have known the company for sometime |
| CMaoxian | can you walk us through your thinking with BDE? |
| CMaoxian | hi bernard |
| bernard | hi |
| karin | not much walking really |
| CMaoxian | entry, planned exit, stop loss, etc? |
| karin | got at 13 .99 |
| karin | sold 1/2 friday at 14.99 |
| karin | keeping the rest |
| CMaoxian | bought on 7/19? |
| karin | I only trade a few stocks |
| bernard | BDE looks good |
| CMaoxian | what was the initial stop? |
| zwz2005 | I'm interested too, never trade an IPO, until its first base |
| karin | 14.50 |
| bernard | the retracement is only down to 50% 13.55 |
| zwz2005 | 2 x R |
| karin | well....I like them |
| CMaoxian | hi jelly |
| jellyfish | hi chairman |
| CMaoxian | i mean the initial stop, after the entry at 13.99 |
| karin | when oil retraces, I start looking |
| bernard | would look to buy BDE on a pull back to 14.04 |
| karin | no |
| karin | I will be out before that |
| CMaoxian | hi oz |
| karin | still like XTO too |
| jellyfish | how's life in beijing? |
| CMaoxian | it's hot and muggy at the moment, jelly |
| packoz | Hello |
| karin | what do you call hot? |
| CMaoxian | let's look at the GEOI |
| jellyfish | i was curious, any trading opportunities during the day for you, i mean western markets? |
| CMaoxian | anything over 70 degrees is hot |
| TraderMike | it was 95 here today |
| karin | 90 here and 100% humidity today |
| jellyfish | given the time differences? |
| CMaoxian | well it's a 12 hr time diff so i'm usually asleep, jelly |
| bigred | anyone got any "big trend" ideas? I got long Oil and gold a few years ago and now I am looking for the next trend -- water stocks? |
| CMaoxian | i think folks are hip to water, red |
| bigred | anything else then? |
| CMaoxian | ok i'm looking at GEOI |
| jellyfish | how about the chinese markets? |
| jellyfish | or asian markets? |
| CMaoxian | i would avoid the chinese, lol |
| CMaoxian | hi dog |
| karin | me2 |
| nvdog | hey, better late than never |
| CMaoxian | can you walk us through the GEOI trade |
| CMaoxian | GEOI looks mighty thin to me |
| CMaoxian | hi titus |
| zwz2005 | I like GEIO's chart |
| karin | bought GEOI 7-21 at 14:54 pm ctd |
| titus | hi all |
| CMaoxian | what's the B/A spread in GEOI these days |
| karin | @14.29 |
| bernard | GEOI is a strong stock |
| karin | sold 7-22 @ 15.56 |
| CMaoxian | what was the reason for that entry price, karin? |
| karin | I am embarrased to say |
| TraderMike | lol |
| karin | I buy stocks the last minute |
| CMaoxian | that's an impressive exit, what was the embarrassing reason for it? |
| karin | before closing |
| karin | because I just watch the darn thing all day |
| karin | and ready to pounce on it |
| karin | prolly doesn't make sense to you guys |
| 6thworld | what triggers the pounce? |
| CMaoxian | isn't that a little like Russian Roulette? |
| karin | but that's my trading |
| karin | could be |
| CMaoxian | i'm trying to understand anyway ;-) |
| karin | but I ONLY do it with stocks I know |
| karin | stocks I know intimately |
| TraderMike | anybody get trapped in CAFE? |
| CMaoxian | i don't know any stocks intimately, but i have had a few one night stands |
| karin | no |
| karin | but cafe was good to me |
| karin | funny mao |
| CMaoxian | can you walk us through one of your losing trades, karin? |
| karin | ABLE |
| karin | was one of those |
| karin | no wait, not true |
| jellyfish | same here |
| CMaoxian | ok i'm looking at it |
| CMaoxian | mike why were you looking at ADTN, was it a suspect? |
| TraderMike | yeah... up on a volume surge post-earnings |
| CMaoxian | ah, earnings, yes |
| karin | Mike...you put me up to GEOI |
| TraderMike | it was all so clear |
| karin | that's when I started to hit your site |
| zwz2005 | Have to go. c u guys |
| TraderMike | that was ages ago :-) |
| zwz2005 | bye |
| TraderMike | later |
| karin | yeah Mike...I have been trading that thing every since |
| karin | all your fault |
| TraderMike | but I'll accept credit for all winning trades in it though |
| karin | it is a really good company to boot |
| jellyfish | anybody can recommend a good day trading platform? |
| karin | something one can actually invest in |
| CMaoxian | i tend to avoid things like GEOI once they lose their stock du jour appeal |
| 6thworld | i blame the chairman for all my dating mistakes, lol |
| CMaoxian | dating or trading? |
| 6thworld | dating |
| 6thworld | lol |
| jellyfish | day trading |
| CMaoxian | date trading |
| CMaoxian | kind of like wife swapping |
| 6thworld | trading dates? |
| CMaoxian | yes and figs in a stretch |
| 6thworld | hmm, a new reality tv show |
| karin | nah |
| karin | cramer is the trading reality show of the year |
| TraderMike | he is entertaining |
| 6thworld | cramer is a funny kook |
| jellyfish | seriously, cybertrader, tradestation, etrade, etc |
| CMaoxian | ok let's look at how mike should have traded ADTN if he hadn't been surfing for brazilian beauties and messed up the time frame |
| TraderMike | I plead the 5th |
| CMaoxian | jelly, check them all out and IB as well |
| jellyfish | what's IB? |
| tom | interactive brokers |
| karin | mao....I will keep my next trades and what I thought about it at the time for the next meeiting...sounds like a good idea |
| TraderMike | I use Cyber and am very happy with them. they usually have a great short list |
| CMaoxian | i'm just getting the ADTN chart together now |
| TraderMike | make sure you use 5 min candles |
| CMaoxian | thx karin, it's nice to learn how other people think |
| karin | I agree...need to do that |
| nvdog | tradestation's short list not so great |
| karin | I write a lot about my trades, but usually how I felt |
| karin | you guys want to hear the technicals |
| CMaoxian | i try to put my feelings in a box under the desk |
| karin | not me |
| 6thworld | leave your feelings at the door |
| karin | nope |
| karin | I totally disagree |
| jellyfish | what do people use for intra day scans for breakouts? i mean critieria, volume, price change(dollar and %), like prophet for example? |
| 6thworld | jelly, i like to look for some heavy volume |
| 6thworld | at least twice the day before |
| 6thworld | the more the better |
| CMaoxian | i never scanned for breakouts per se, jelly, i just kept an eye on what was moving |
| CMaoxian | like ADTN for example |
| jellyfish | well, sometimes it's good to see the bandwagon coming early and jump on them |
| 6thworld | depends on where the band wagon goes |
| karin | George Soros says in his book Alchemy of Finance: "It is impossible to rid one's self of emotions, yet it is important to keep one's emotional state as stable as possible in order to have a solid platform from which changes in the outside world can be evaluated..." |
| jellyfish | i think friday, some of the oil explorers, |
| bernard | PPC reports tomorrow expect it to pop |
| TraderMike | after ADTN, how about looking at a daily of some steel stock? SCHN, STLD, OS ? |
| CMaoxian | yes, George Soros is correct but he also has a billion more dollars than me so his platform is more solid than mine to start |
| jellyfish | what you think will happen with CAFE? |
| karin | minor detail |
| karin | :) |
| CMaoxian | ok mike, lemme just post the ADTN chart |
| TraderMike | no clue Jelly |
| jellyfish | feel bad for the people who got trapped in that |
| TraderMike | me too |
| TraderMike | greed kills |
| jellyfish | we start a rescue fund |
| TraderMike | LOL |
| CMaoxian | hi rich |
| brich | how's it going? |
| jellyfish | chairman, where in beijing are in? |
| bernard | bye |
| jellyfish | inside the fourth ring road |
| CMaoxian | yes, i'm on guang hua lu |
| CMaoxian | finally, the ADTN chart: |
| CMaoxian |  |
| jellyfish | my goal would be to retire early like you chairman and trade profitably |
| TraderMike | what a bootiful trade |
| CMaoxian | who says i'm retired? i still yell at chinese people full time |
| CMaoxian | hi smatty |
| smatty | Hi all |
| CMaoxian | mike how badly did that mess-up disrupt your mental state? |
| brich | anyone play ADTN? |
| jellyfish | does down=inside bar? |
| TraderMike | not too bad, especially since I didn't realize it until really late in the day |
| CMaoxian | one good thing about blogging, i'm being serious here, is that when mike wrote about that mess-up it was probably cathartic and helped him get back on an even keel |
| brich | not necessarily |
| CMaoxian | down *or* inside, jelly |
| jellyfish | well, yelling at chinese people is just a hobby of mine, not a job |
| TraderMike | yeah, and I'll never do that again |
| karin | big red....hmmm |
| jellyfish | sorry tradermike, i came late to the chat, what happened? if you don't mind |
| TraderMike | I Hate It When That Happens |
| CMaoxian | she isn't loading for me, red |
| TraderMike | man, China's got you on lock down |
| CMaoxian | i'll kill that link in the transcript red, not because i'm a prude, but because it won't load ;-) |
| CMaoxian | i don't think nanny blocked that one |
| brich | CMao, did your wife finally make you take down the girlie pics, or did it have anything to do with you moving to China? |
| bigred | you stopped putting up the pick of the week what happened |
| CMaoxian | no, i ran out of pics of former girlfriends to post |
| brich | i hate it when that happens |
| brich | I got sued, so I had to take mine down |
| jellyfish | well, chairman, what was your "job"? |
| TraderMike | CM, I find the difference in the eSig and your (QCharts?) very disturbing |
| CMaoxian | should we look at thise CAFE thing together and call it a night? |
| brich | let's do this |
| jellyfish | well, the thing that surprised me about the CAFE thing is that after there was news of SEC investigation, the thing still went up and then the blowup |
| CMaoxian | yes mike, i was disturbed by that too, but i think it's cuz the quote.com is stamping the bars differently, which is something i'd correct if i were grabbing the data in real time instead of after the fact |
| TraderMike | ah |
| CMaoxian | not a biggie, in other words |
| 6thworld | hey CM, i saw XLV drop in your newsletter rankings, do you think its only temporary? |
| jellyfish | chairman, why do you like quote.com |
| TraderMike | ok, as long as my charts are correct :-) |
| CMaoxian | hi JC |
| JC | Hello |
| CMaoxian | i've just used them forever, jelly... inertia |
| jellyfish | but it's not real time is it? |
| JC | Are you guys about to wrap up? |
| jellyfish | which platform did you use to trade chairman? |
| CMaoxian | no JC we still have a few mins |
| CMaoxian | i used IB mainly, jelly |
| CMaoxian | with QCharts for charting |
| CMaoxian | IB should just buy Quote.com and integrate Qcharts (he says wishfully) |
| jellyfish | hmm, isn't that kinda cumbersome? i mean doesn't IB have adequate charts? |
| CMaoxian | no jelly, IB's charts rot |
| JC | Mao, were you ever a member of LBR Group chat service? |
| CMaoxian | so CAFE is suspended? no trades on Friday? |
| jellyfish | well, let me tell people here that Ameritrade sucks for day trading |
| CMaoxian | JC i've never been able to afford LBR's chat ;-) |
| TraderMike | CAFE won't trade until August I think |
| jellyfish | compared to Etrade at least, considering that i have only used those two |
| brich | Jelly, do you use their IZone platform? |
| CMaoxian | are you using Etrade's pro platform? |
| TraderMike | do you trade through a browser? or do they have a client side app? |
| jellyfish | both have separate java applications |
| 6thworld | good night all |
| TraderMike | c ya |
| brich | laters 6th |
| 6thworld | happy trading |
| bigred | night all got to get some sleep |
| JC | Does anyone here use Tradestation platform? |
| jellyfish | i think that tradestation is kinda expensive |
| CMaoxian | article on CAFE |
| CMaoxian | SEC suspends Host America shares after run up |
| jellyfish | any1 can give comparisons between cybertrader and tradestation |
| CMaoxian | roger does, JC, but he's not here tonight |
| TraderMike | Jelly, try searching at EliteTrader.com |
| jellyfish | chairman, do you plan to travel inside china? I would recommend a trip to qingdao, nice place, good food, on the coast |
| jellyfish | okay tradermike, thanks, will do |
| brich | EliteTrader.com is a nice reference... all in all, you're best off with IB |
| CMaoxian | so is this CAFE thing a scam or just a misunderstanding? |
| brich | how is WMT affected by this? any negative sentiment? |
| CMaoxian | thx jelly, i've been to TsingTao already, and i even had a beer there |
| TraderMike | I think the latter |
| TraderMike | I can't belive the SEC didn't do something like that to IIJI |
| TraderMike | that was some shady sh!t |
| karin | lol |
| jellyfish | yeah, IIJI has been a rollercoaster |
| CMaoxian | CAFE definitely hit the unusual suspect lists |
| smatty | what is IB.(excuse a dumb question) |
| JC | Interactive Brokers |
| TraderMike | Interactive Brokers |
| smatty | ah thanks |
| CMaoxian | all questions welcome, especially ones i know the answer to! |
| CMaoxian | IB stands for Ingrid Bergman |
| jellyfish | why do you like IB as opposed to the other platforms? |
| jellyfish | speed, data? |
| JC | Mao, was Fuzzy designed primarily for one time frame or is it applicable to all? |
| CMaoxian | applicable to all, JC |
| CMaoxian | all systems should work on all time frames |
| jellyfish | chairman, which of the chinese internet companies do you like? |
| jellyfish | sina, snda, ntes, sohu? |
| brich | AOL? |
| CMaoxian | here's the hourly CAFE chart |
| CMaoxian |  |
| CMaoxian | i don't know anything about any of them, jelly, but it seems folks around here use SINA and SOHU a lot |
| jellyfish | aol sucks, i had an encounter with them when i bought a dell computer, i tried to cancel the subscription and it was such a hassle |
| karin | now...what was the deal on CAFE |
| CMaoxian | i linked to the story above, karin |
| brich | sorry, it's hard to pick up sarcasm in chat rooms |
| karin | I must have been breathing the cool mountain air when that happend |
| CMaoxian | hi blo |
| TraderMike | SEC said their press release was misleading |
| jellyfish | CAFE came out with a PR which may be suspect |
| jellyfish | do you have broadband, chairman? |
| karin | yeah, but the daytraders don't really care about the press releases |
| CMaoxian | i have ADSL, jelly |
| jellyfish | how much does it cost you in beijing? |
| TraderMike | the ones trapped in it will care now |
| CMaoxian | well it costs me 2.1% more than it used to |
| karin | lol mike |
| TraderMike | money tied up for 2 weeks |
| TraderMike | what a nightmare |
| jellyfish | what do you mean daytraders don't care about press releases? it's the fodder for a lot of trading |
| CMaoxian | it costs me $12.33 a month, jelly |
| jellyfish | hmm, comparable to here, us |
| karin | you read the presses before you trade? |
| brich | not to change gears here or anything, but do any of you guys have any strategies on moving your stops towards the end of day before the market closes? |
| CMaoxian | i paid a lot more than that in both London and the US |
| CMaoxian | no rich, i just close out EOD |
| CMaoxian | i think i paid Comcast $40 a month |
| TraderMike | I pay about $50 for my cable modem |
| jellyfish | yeah, i pay that much, 50 for my cable modem |
| CMaoxian | British Telecom was prolly even more, everything in London costs about double |
| jellyfish | but cable is better than dsl |
| TraderMike | agreed |
| CMaoxian | depends on how many people are on the line at the same time ;-) |
| brich | ok, but the only time you move your stop is when your initial risk is covered? |
| karin | I pay $14.95 for my DSL |
| TraderMike | I'm still waiting on a direct fiber line to my home |
| jellyfish | they tell me that i can get 5 megs of download, which is a piece of crap |
| brich | damn, I pay $44.95 for cable |
| JC | Mao, do you tend to find more favorable reward/risk with Fuzzy in some time frames vs. others (say 30m vs. daily)? |
| CMaoxian | well JC it's just a matter of having to expect much larger drawdowns on higher time frames so position sizing is key |
| karin | Southwestern Bell |
| CMaoxian | rich, i often don't move the stop at all, even after initial risk is covered |
| jellyfish | well, chairman, let me tell you that i am very jealous of your life style, retire early and in china nonetheless |
| CMaoxian | i'm not retired, and i'm bald fat and ugly so don't be jealous |
| CMaoxian | does anyone have any parting thoughts, comments suggestions? |
| blo5ish | i got 2 out of the four |
| JC | I noticed that you typically show Fuzzy on 30m chart |
| blo5ish | no, 3 |
| CMaoxian | blo ;-) |
| CMaoxian | i think next week i will try to start the chat at 8 PM Eastern Time, see how that works |
| nvdog | good banter tonight all, peace, out |
| brich | thanks for the chat and the time CM, Mike |
| TraderMike | u r welcome |
| CMaoxian | just hit the tip jar on the way out, rich |
| jellyfish | yeah, nice to chat with you, cm, peace out |
| blo5ish | very nice chat |
| TraderMike | later everybody |
| CMaoxian | thx for coming by jelly |
| jellyfish | well, maybe you can spare some money chairman |
| jellyfish | for my trading fund |
| brich | I will once I get my wife's law school student loans paid off |
| brich | ;) |
| CMaoxian | have *her* hit the tip jar, lol |
| CMaoxian | thanks to everyone who took the time to come by tonight |
| jellyfish | have you had peking duck yet? |
| brich | no doubt |
| jellyfish | at quanjude? |
| CMaoxian | yes, i have peking duck every time my duck-fat reserves run low |
| brich | the cream of sun yun gui? |
| CMaoxian | QuanJuDe ain't the only duck place in this town |
| jellyfish | yeah, that's something i really miss about beijing |
| jellyfish | well, it may be the best |
| CMaoxian | ever seen a duck force fed? |
| CMaoxian | it put me off duck for a whole week ;-) |
| jellyfish | yes, i have |
| jellyfish | believe it or not |
| CMaoxian | i believe it! |
| CMaoxian | gotta run... later all |
| jellyfish | later |
| JC | thanks... |
| jellyfish | chairman |
| smatty | later |
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